Namdeb, a joint venture between the government of Namibia and De Beers, has sold its Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor Group, a 100% Namibian-owned consortium.

Angola has slightly delayed the public bidding process for five minerals concessions currently underway to accommodate a new roadshow in New York, according to the country’s ministry of mineral resources and petroleum.

Stornoway Diamond Corporation (TSX-SWY; the “Corporation” or “Stornoway”) announced that the Corporation and its subsidiaries Stornoway Diamonds (Canada) Inc. (“SDCI”), Ashton Mining of Canada Inc. (“Ashton”) and FCDC...

13 september 2019

Alrosa Seeking Evidence of $10M Embezzled from Catoca Mine

(thediamondloupe.com) - Russian diamond miner Alrosa believes that the former and current management of Angolan diamond mine Catoca - in which Alrosa holds a 41% stake - is responsible for secreting away nearly $10 million, and will call upon a U.S. court to obtain discovery of evidence. According to Africa Mining Intelligence, the Russian firm has turned to New York court magistrate Judge Paul Gardephe in the hope of gaining access to documents that would prove that Catoca transferred millions of dollars into shell companies scattered around the world - from Hong Kong to the Bahamas, Cyprus, the UK and US.